Fiat Blockchain with Paulo Rodrigues

The DIVI Crypto Podcast

In this episode of The DIVI Crypto Podcast, we are talking with Paulo Rodrigues, the COO of Public Mint. Public Mint offers a powerful, simple payment system and access to the best opportunities in decentralized finance (DeFi), with no bank account required. The Earn program allows everyone to tap into the high yields available in modern decentralized finance (DeFi), with reduced risks and none of the complexity when you migrate your MINT tokens to the Public Mint network for daily rewards starting at 20% APY in the run-up to EARN governance. Public mint allows users to program their money, as many people are financially excluded. They don’t have access to financial services. Startups, especially in the blockchain industry, struggle to have a bank account. The idea is to be a fiat blockchain. Public mint works with both sides. On the fiat, Public Mint works with public regulated companies, like banks and trust companies, that are entitled to hold money. Then, a synthetic version of that money held is created. This allows all the benefits of an ERC-20 Token, along with the benefit of fiat, such as FDIC insured. Having multiple custodians adds robustness to the network and guarantees no single point of failure. This structure also makes the system much more scalable and able to expand into many geographies and currencies. Using Public Mint, you have fixed low fees at USD $0.05 per transaction and transaction times under 5 seconds with immediate finality. The fees primarily exists to protect the system from denial of service attacks. Unlike main net Ethereum transactions, which have high gas fees for the transactions. The business model of Public Mint isn’t built on top of the fees of the network, but on other revenue streams that will come down the line. You can take advantage of full Ethereum compatibility to deploy unmodified smart contracts that immediately operate with USD. Leverage the power of Public Mint from other services and blockchains, soon to include Polkadot. The goal is for regular users to have interesting use case scenarios that currently only exist in the crypto world. A regular person with no prior knowledge of blockchain can simply click a button, and gain access to what is happening in the DeFi space. Public Mint has no access to funds held by the custodial structure, and cannot generate earnings on its own. Instead, users earn via DeFi methods, like staking. For more information go to: https://publicmint.com/ -- Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.